Explanation:

In a bid to take banking services to the remote locations of the country, the Reserve Bank of India has permitted the opening of mini branches or banking outlets across the country for all domestic scheduled commercial banks except Regional Rural Banks without having to take permission from the regulator on a case by case basis. Part-time Banking Outlet - is one which opens for at least five days a week for at least four hours a day. The RBI has clarified that ATM kiosks, cash depositing counters and mobile branches will not be treated as banking outlets.